The Market On Wednesday

  Good morning. It is 36 degrees and lightly raining here in Upstate NY. The weather logos are promising warmer temperatures from the radical freezing February and early March temperature jail except for tomorrow when it will get bitter cold once again. We are beginning to see the brown ground here and there as the thick layer of snow very gradually recedes. Every season and area has its bright spots and downfalls. One thing that Upstate NY has in abundance is water.

  At 8:30 a.m. ET futures are moderately down and the price of oil per barrel is down. The market is poised to open moderately lower.

  Investors are juggling weaker economic and new monetary policy news out of China. As we know China is a big hit in the investment world with its incredible year in year out GDP as the world's producer of "goods". When China's economy is lightly rattled the markets react negatively and this is today's pre-market situation.

CNN: Stocks: China concerns hitting sentiment

(China) had experienced its first-ever corporate debt default. Some analysts believe more defaults could be in the pipeline.